Uob 12 months 3.75% still on?my ocbc 9 month 3.8% fd is maturing next week.

hoho enjoy ur trip. think i will land myself at uob for 12 months.

just realized have to withdraw FD at the same branch u deposit.

ocbc no go ;(

Everyone has different appetite for risk - getting something guaranteed is better than venturing into something unknown.

If everyone is the same - what would this world be?

Btw - for step up Standard Chartered 12 months is better @ 4.01%?

This post has been edited by bearbear: Oct 23 2012, 10:06 PM

Which branch of SCB?I went to the Taipan USJ branch this morning the lady at the counter tell me the promo is closed.

Wanted to go for UOB 3.75% for 12 months - outlet do not have electricity cannot process.

Go back to OCBC for the 3 month promo - need fresh fund my matured fund is in bank cheque under OCBC.

End up cash in my bank cheque and have to go to OCBC again when it clear.

Any rate that is high?

Personally i am doing the following.

1. FD on monthly basis (Get you 3% or so) - Minimum 5k for 1 month, IIANM 3 months or more for 1k fund.

2. Accumulate the FD fund on yearly basis and go for special promo.

Reason: I do not have the luxury of time to deposit FD over counter (Most promo with higher rate require this). my monthly FD are also my emergency funds and i manage it via online banking which allow me to withdraw without hassle if required.

This post has been edited by bearbear: Oct 29 2012, 11:36 PM

yes but not really monthly depending on the figure. Got auto renewal so don't really need to touch if unless require some additional fund

Another way i used to do

Since 1k only eligible for 3 months or more - deposit 1k every month for 3 months tenure.

By the 3rd month it would ensure you have access to minimum of RM1k every month if required. I've even gone to the extreme of ensuring there is a RM1k maturing every 10 days.

Month 1 day 10 - 1k
Month 1 day 20 - 1k
Month 1 day 30 - 1k
Month 2 day 10 - 1k
Month 2 day 20 - 1k
Month 2 day 30 - 1k
Month 3 day 10 - 1k
Month 3 day 20 - 1k
Month 3 day 30 - 1k

At the 4th month, the whole thing will repeat and its like a cycle.

This post has been edited by bearbear: Oct 30 2012, 12:29 AM

Rate for online is very standard, 3 months around 3.05%.

OCBC 3 months promo require you to open a saving account.

80% FD - 4%
20% SA - 3%

Promo ends Dec 2012.

Like i said for my emergency / monthly FD i just use my online banking for convenience sake.

BR not a member of PIDM.

tiramisu83, confirm 3.75% still on. The staff asked me what i wanted to do and he confirm it is still on. Unfortunately no electricity can't do anything for me.

Tried to deposit but was informed reach limit liao

So my MC stops at OCBC 3 months promo

Min 10k in FD and require 20% of FD amount in Saving Account. - Not exactly 80/20 which i was thinking (Didn't read properly)

4% P.A. for FD

2.5% P.A. For SA if deposit less than 49.99/month
2.85% P.A. for SA if deposit less than 999.99/month
3.0% P.A. for SA if deposit more than 1000/month

Any withdrawal from SA - 0.50% P.A. for SA.

There are 2 rates, when you change to AUD at RM3.2 and if you wish to change back to RM at that instance, it will be 3.17 or so which is lesser. There is a risk there as Aussie do fluctuate now and then (I deal with forex in my work and there has been time it go below 3.1 and come up and go down)

the rate is per annum (12 months)

you will get 10000 + (10000 x (3/100) x (3/12)) = 10075

For 12 months at 3% only get you 300.

yup few months back - my rates are filtered by the accounts / finance side so i don't really know the accuracy but there were a deep dip

---

Added on November 2, 2012, 12:28 amno...3% is per annum i.e. per year

per month is 3%/12 months = 0.25% per month

One year you get 300

One month you get only 25

This post has been edited by bearbear: Nov 2 2012, 12:28 AM

Until you calculate the actual yield for the income builder - your point is invalid

why?because so many forumer has proven time and time again that the yield is actually worse than FD. Don't worry you are not alone in buying into something that you do not know the actual return but of course FD rate is not fixed for 30 years as well.

Here you go for the truth

http://forum.lowyat.net/index.php?showtopic=1786100&hl=

This post has been edited by bearbear: Nov 21 2012, 11:05 AM

don't think there is any specific promo for 1 month - generally minimum are 3 months.

1 month get the sad rate of 3%

tried once OCBC banker cheque to my name is FOC. (Withdraw from matured FD)

ocbc 3 months + saving account combo or Bank Rakyat for 12 months if you don't care about PIDM

ya i think i posted earlier - 20% of sum in FD to be deposit in SS instead of 20/80 split.

So the main difference are
1. 4.5% instead of 4% for fd
2. 2:1 split of total amount instead of 20% of fd sum into saver account.

Am I missing out on any details?minimum fund?fd tenure still 3 months?

This post has been edited by bearbear: Jan 1 2013, 10:47 PM

The interest rate for Plus SA is next to negligible

http://www.pbebank.com/en/en_content/perso...rates.html#wise